Dear reader,
The global AI sector has witnessed an extraordinary surge, with companies amassing a staggering US$50 billion in funding this year, marking the second-highest figure in market history. This upswing signifies the industry’s remarkable growth, doubling in just three years to a valuation of US$240 billion, boasting a quarter of a billion users worldwide.
Despite a 42% drop in fundraising activity from the record-breaking 2021, the AI sector managed to secure a substantial US$45.2 billion in 2022. Impressively, 2023 outperformed its predecessor, with a total of US$49.8 billion raised, indicating a robust rebound in the latter half of the year.
Notably, companies achieved this feat with fewer funding rounds, highlighting the ability to attract more substantial capital per investment. The cumulative funding in the AI space now stands at a formidable US$333 billion, with the US leading at US$189 billion, followed by Asia at over US$96 billion and Europe at US$35.3 billion.
Sainul,
Editor.
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AI companies raised record US$50B in 2023 globally: data shows
However, the number of AI investment deals came down to 842 VC in 2023 from 1,101 in 2022; The global AI industry has more than doubled in just three years, reaching a US$240 billion value and a quarter of a billion users worldwide.
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The post Ecosystem Roundup: AI companies secure US$50B in 2023 | Hyperloop One shutting down | Should Gen AI be regulated? appeared first on e27.